The Arbitration Agreement

An arbitration agreement is a legal contract where two or more parties agree to resolve any future disputes outside of court, through a process called arbitration. Instead of going to court, they select a neutral third person, called an arbitrator, to review the case and make a decision. This process can be quicker, private, and less formal than traditional court trials. By signing an arbitration agreement, parties agree to abide by the arbitrator’s decision, which is usually final and legally binding, helping to resolve conflicts efficiently and with less expense.